Sunday, March 7, 1999
Carryforward rates hover around 16 per cent on Mumbai bourse
The annualised carryforward rates on the Bombay Stock Exchange (BSE) moved in the range of 16-18 per cent for the week ended March 4. The markets have entered a bull phase, said brokers.
Skindia GDR Index rises 64 points
The combined effect of a capital market-friendly budget and a reduction in interest rates by the Reserve Bank of India (RBI) saw the Skindia GDR Index moved up by a substantial 64.34 points for the week ended March 5 to close at 643.64 points.
Mutual Funds' comeback depends on market stability
Now that income from mutual funds (MFs) and UTI schemes will not be taxed at the hands of investors, will there be a shift in the general investment trend? At least, the Budget proposals made it appear that way.
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